Applicant = Debtor applying for credit with ifm (Pty) Ltd or any sister Company
Supplier = ifm electronic (Pty) Ltd or any sister company supplying goods or service.
Until such time as the Applicant has paid the purchase price in full in respect of any purchase of goods, ownership in and to all such goods shall remain vested in the Supplier. The Supplier shall, at its sole discretion, be entitled to take possession of any such goods which have not been paid for and in respect of which event the Applicant shall be entitled to a credit in respect of the goods so returned being the price at which the goods were invoiced or the value thereof as determined by a Sworn Valuator of the Supplier’s choice at the Supplier’s discretion. Risk in and to the goods shall however pass to the Applicant on delivery. Returned goods are subject to a 10% handling charge.
The purchase price for every purchase made by the Applicant shall be payable by the last working day of month following the month in which the invoice was issued, subject however to the condition that credit terms shall at all times be at the sole discretion of the Supplier and may be altered or abolished at any time without prior notice to the Applicant. The Supplier has at its discretion the right to enforce the ROE clause as stipulated on all invoices and quotes.
Credit facilities may be withdrawn by the Supplier at any time without prior notice and the Supplier reserves the right to Review the extent, nature and duration of such facilities.
Applicant will be liable to pay interest to, the Supplier at the maximum rate applicable in terms of the Regulations promulgated in terms of the Limitation and Disclosure of Finance Act. No. 73/1968 (as amended) on all overdue amounts. (Calculated from the day after the last day of the month following the transaction).
A certificate issued under the hand of a Director or Manager of the Supplier shall be acceptable of the amount due by the Applicant and such certificate shall be sufficient for purpose of Summary Judgment or Provisional Sentencing.
6.1 Should the Applicant be in default in any respects whatsoever, the Supplier shall be entitled in its sole discretion to institute action against the Applicant in any, competent court of law and the Applicant consents to the jurisdiction of the Magistrate’s court in terms of Section 45 of act 32 if 1944 as amended.
6.2 Notwithstanding the a foregoing, the Supplier shall not be obliged to institute action against the Applicant in the Magistrate’s Court and the Applicant hereby submits to the jurisdiction of the Supreme Court of South Africa, Pretoria local division, in respect of any action instituted against the Applicant by the Supplier.
In the event of the Supplier handling over the Applicant’s account to an Attorney for collection (whether action is instituted or not, the Applicant agrees to pay costs of the attorney’s own client scale, including collection payable in terms of law.
Should the Applicant fail to object to any item appearing on the Supplier’s statement of account within twenty one days on the date of dispatch of the statement, the account shall be deemed to be in order and the Applicant shall be deemed to have received delivery of each and every item appearing on such statement in good order and condition.
If payment of any particular purchase is overdue, the purchase price for all purchases made from the Supplier shall immediately become due and payable despite any other provisions.
Notwithstanding the fact that, in the ordinary course of its business relationship with the Supplier, the Applicant may deliver cheques to the Supplier by posting such cheques to the Supplier. It is recorded that such delivery shall not constitute payment to the Supplier and the Applicant shall bear the onus of proving that the Supplier in fact received and deposited the cheque concerned. In such an instance the postal service shall be regarded as the agent of the Applicant and not the agent of the Supplier.
The Applicant nominates as its place of business the address on the face hereof under the heading registered office/business, for service upon of it all notices and processes in connection with any claim for any sum due to the Supplier arising out of credit granted by the Supplier to the Applicant. The Applicant is obliged to notify the Supplier of change in address within seven (7) days of said change.
The Applicant agrees that the signature of any agent, contractor, subcontractor or employee of the Applicant on the Supplier’s official delivery note/invoice/waybill or the delivery note of any authorized independent carrier will constitute delivery of the goods purchased.
It is agreed that set-off operate automatically as a matter of law at the moment reciprocal debts between the Supplier and the Applicant come into existence and independently of the will of the parties it shall not be necessary for either the Supplier or the Applicant to specifically raise set-off. Upon the operation, of an automatic set-off aforementioned, the debts shall be mutually extinguished to the extent of the lesser debt with retrospective effect.
In the event of an order being given to the Supplier on the Applicants official order/number, the Applicant shall be stopped from denying the validity of such order notwithstanding the fact that such order may have been given or signed by a person not authorized by the Applicant.
This contract contains the entire agreement between the parties and any other terms, provision, conditions or cancellation thereof whether express or implied are excluded here from and any variations, alterations or additions to his contract shall not be of any force or effect or legal validity unless reduced to writing and signed by the parties or their duly authorized representatives.
The signatory of this agreement on behalf of the Applicant, by his signature hereto, binds himself as surety and or co-principal debtor in conjunction with the Applicant in respect of the Applicant’s indebtedness to the Supplier in whatever amount and for whatever cause under renunciation of the benefits of division and exclusion, with full meaning and scope of which he declares himself to have full knowledge.
17.1 The Applicant hereby irrevocably and in without recourse cedes, assigns, transfers and makes over and unto in favor of the Supplier, all its right, title, interest, claim and demand in and to all claims of whatsoever nature and description and howsoever arising which the Applicant may now or at any time hereafter have against all and any person, companies, corporations, firms, partnerships, associations, syndicates and other legal persons whomsoever (“Debtor’s debtors”) without exception as continuing covering security for the due payment of every sum of money which now, or at any time hereafter be or become owing by the Applicant to the Supplier from whatsoever cause or causes arising and for the due performance of every other obligation howsoever arising which Applicant may be or become bound to perform in favor of the Supplier.
17.2 The Applicant hereby undertaken that if and whenever the Supplier will so require, the Applicant will not later than 7th of every month, deliver to the Supplier a schedule supplied by a Director or Manager of all amounts which have been owing to the Applicant by its debtors on the last day of the preceding month, reflecting thereon the amounts so owing by each debtor and the name and last known address of such debtor.
17.3 Whether or not the Applicant’s debtors will have been notified of the cession, all sums of money which the Applicant collects from his debtors or any of them shall be collected and received by the Applicant as agents on the Suppliers behalf provided that the Supplier shall be entitled at any time to erminate the Applicants mandate to collect all or any such sums of money, and that the effect from the termination of such mandate, the Applicant will cause to collect or receive any payments on account of the debts in respect of which the Applicants mandate has been determined.
17.4 The Applicant agrees that the Supplier shall be entitled at any time or times hereafter to give notice to this cession to all or any of the Applicant’s debtors, and to take such steps as they may deem fit to recover the amounts respectively owing by debtors to the Applicant from time to time and for the time being, provided that the Supplier shall be obliged to refund any amounts to the Applicant which are in excess of the amount to which the Applicant will at that stage be indebted to the Supplier.
17.5 The Applicant warrants that the Supplier will at all times while this cession will remain in force, be entitled through its duly authorized representatives, to inspect all or any of the Applicants records relating to any of the debts covered by this cession.
17.6 Should it transpire that the Applicant entered into prior deeds of cession or otherwise disposed of any of the right, title and interest in and to any of the debts which will from time to time be subject to this cession, and then this cession shall operate as a cession of all the Applicant’s reversionary rights.
In this agreement, unless the context otherwise requires, the words importing the singular shall include the plural and vice versa.
TERMS AND CONDITIONS OF SALE
All orders are accepted by ifm electronic (Pty) Ltd or any of the sister companies subject to Conditions of Sale (where applicable) Servicing Conditions are set out below:
VALIDITY AND PRICES
Prices quoted are “NET TRADE” and exclude VAT. Whilst every endeavor will be made to maintain the prices quoted in this price list, we reserve the right to effect changes without prior notice.
We execute orders to our customer’s exact requirements and do not substitute unless instructed to do so or unless the product has been superseded. Any balances of orders not available from stock, are automatically back ordered, unless specified. We do not submit proforma invoices. An official order must be faxed, posted, e-mailed or hand delivered to our trade counter when collecting goods previously ordered by telephone. (Kindly mark orders “CONFIRMATION ONLY” in the event that orders were verbally placed, to avoid duplication.)
All goods are delivered by Speed Services, or any other reputable courier, and are for the client’s account. Same day dispatch and no minimum order policies apply to all orders, irrespective of the method of carriage. For same day dispatch, orders must be received by 11:00 am. Any quoted delivery times are estimates only and the Supplier shall not be liable for failure to deliver or for any delay in delivery from any cause.
We guarantee you that we will, at our option, replace faulty goods supplied by ifm electronic (Pty) Ltd, or repair the same, or refund the purchase price thereof, subject to the claim being made in writing to us within the Guarantee period. All goods to which the claim relates, must be returned to us freight prepaid, within that period, suitably packaged, and where relevant, in accordance with any particular instructions which ifm electronic (Pty) Ltd may have notified to you at the time of supply, and be accompanied by an advice note stating the original invoice number in respect of the goods and the nature of any claimed defect together with such further information as ifm electronic (Pty) Ltd may have stipulated at the time of supply. If these requirements are not complied with, our Guarantee shall not apply and we shall be discharged from all liability arising from the supply of defective goods.
PRODUCTS AND AVAILABILITY
Goods supplied by ifm electronic (Pty) Ltd have been procured by us to the relevant description published in our current catalogue, unless otherwise indicated and are supplied as new products. Unless otherwise stated, electrical ratings represent safe working limits. Dimensions and other physical characteristics are subject to normal commercial tolerances. The purchaser shall be responsible for ensuring the fitness of the product for the purchaser’s application. We recommend that you verify dimensions and other data published in the catalogue, together with the future availability, before incorporating products into designs, or for other critical purposes. Our Technical Department will be pleased to advise you in these and other matters related to the use of our products. The information contained in the catalogue was to the best of our knowledge, correct at the time of going to press.
Save as provided in the section headed “Guarantee” above, we shall not be under any liability whether, in contract, delict, or otherwise; and whether or not resulting from our negligence, or that of our employees, in respect of the defects in goods delivered, of for any damage or loss resulting from such defects. We shall not be under any liability for damage, loss or expense resulting from the failure to give advice or information, or the giving of incorrect advice of information, whether or not due to negligence, or that of our employees. In the event of breach of contract on our part, or depict (including negligence), or failure of any kind on our part, or that of our employees, given rise to any liability for loss of revenue, or any consequential loss or damage arising from any cause whatsoever, we shall not be under any liability.
If ifm electronic (Pty) Ltd is hindered or prevented from performing any contract, owing to any cause beyond the reasonable control of ifm electronic (Pty) Ltd, or by its inability to procure services or materials, of articles rewired for the performance of the contract, except or enhanced prices, ifm electronic (Pty) Ltd may at its sole option, delay the performance of, or cancel the whole or any part of the contract, and ifm electronic (Pty) Ltd shall not be held responsible for such delay or cancellation, or any inability to deliver.
INSPECTION, TRANSIT DELAYS AND NON-DELIVERY
THE CUSTOMER MUST INSPECT THE PRODUCTS as soon as reasonably practical after delivery and shall within 10 days of delivery, give notice to Ifm electronic (Pty) Ltd in detail, of any defects in the products, or any complaint which the customer may have in relation to the products. Queries regarding goods invoiced but not delivered, must be notified in writing quoting details, within 10 days of invoice date and the invoice number must be quoted. You are advised to contact us if neither goods nor invoice are received within 10 days of placing your order.
RETURNS AND HANDLING CHARGE
No returns, except for work under our repair/exchange service, or when claiming for replacement under guarantee, are permitted without our prior consent. To be eligible for credit, goods must be returned to us in an unused condition within 30 days of invoice date stating relevant invoice number and will be subject to a 10% handling charge. Software will not be accepted for credit or returns. It will be at our discretion to accept back goods i.e. ordered in special part for client. Only stock items would be considered for exchange. Goods must be returned in its original packaging with all accessories accompanying the returned item.
COPYRIGHTS AND PATENTS
Products offered for sale in the catalogue may be the subject of patents, or other legal protection. We on behalf of our principles maintain full copyright in respect of the catalogue, and its whole or partial reproduction without our prior consent, is prohibited.
SERVICING CONDITIONS, REPAIR/EXCHANGE CONDITIONS
For product purchased from Ifm electronic (Pty) Ltd, a repair/exchange service is provided, at the discretion of Ifm electronic (Pty) Ltd. An appropriate charge will be made when they are not eligible for claims under Guarantee, whether by reason of the time, which has elapsed since purchase, or any other reason. This service is only available if the product has suffered neither physical, nor electrical damage and is free from modifications, as may be detailed in the literature supplied with the product. A repair charge in respect of each such product will be provided. Such products are accepted under the repair/exchange service, subject to the following Servicing Conditions:
The product must have been purchased from Ifm electronic (Pty) Ltd.
The repair charge must be paid to Ifm electronic (Pty) Ltd no later than the date of receipt of the required product by ifm electronic (Pty) Ltd, except those customers with the authorized credit account who enclose an official order requesting repair/exchange with the product, may pay through such account and will be invoiced in due course.
Ifm electronic (Pty) Ltd may at its absolute discretion, either repair a product, which it accepts for repair/exchange, or replace it with a suitable product.
Ifm electronic (Pty) Ltd estimates turnaround time in respect of products accepted by ifm electronic (Pty) Ltd under the repair/exchange service to be 15 working days from the date of acceptance. ifm electronic (Pty) Ltd shall be under no liability if it fails to comply with such estimate.
Any part of any substitute product supplied by ifm electronic (Pty) Ltd under its repair/guarantee service, will be subject to the Conditions of Sale.
Ifm electronic (Pty) Ltd guarantees that it will at its option rectify defective repair work performed under this repair/exchange service, or supply to the customer, free of charge, a substitute product in question being received by ifm electronic (Pty) Ltd within 3 months of date of the ifm electronic (Pty) Ltd invoice in respect of the service, or such other periods as may be indicated by us for specific products from time to time. This Guarantee shall be in line of any warranty or condition implied by law in relation to repair work under this repair/exchange service.
Save as provided in 5 (a) above, ifm electronic (Pty) Ltd shall not be under any liability whether in contract, dialect, or otherwise, and whether or not resulting from the negligence of ifm electronic (Pty) Ltd, or of its employees or contractors, in respect of defective repair work, or for any damage or loss resulting there from, or from failure to give advice or information, or the giving of incorrect advice of information.
In no event shall any breach of contract on the part of ifm electronic (Pty) Ltd, or dialect (including negligence), or failure of any kind on the part of ifm electronic (Pty) Ltd, or its employees or contractors, give rise to any liability for loss of revenue, or any consequential loss or damage arising from any cause whatsoever.
A 2.5% settlement discount will be applied to all payments made in accordance to par.2 (T of Credit). Any late payment will revoke this discount and at the discretion of the supplier any other discounts given.
TERMS AND CONDITIONS OF CREDIT
ifm (PTY) Ltd terms and Conditions of Credit shall be read as if incorporated herein, and shall thus form part of the Terms and Conditions of Sale